Canadian Pacific Limited in the context of "Fairmont Hotels and Resorts"

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👉 Canadian Pacific Limited in the context of Fairmont Hotels and Resorts

Fairmont Hotels & Resorts is a Canadian chain of luxury hotel that operates more than 70 properties worldwide, with a strong presence in Canada.

The company originated from two hotel businesses established in the late 19th century, the Canadian Pacific Limited-owned Canadian Pacific Hotels & Resorts, and Fairmont Hotels. In 1999, Canadian Pacific Hotels acquired a majority interest in Fairmont Hotels; with Canadian Pacific Hotels later renaming its entire hotel portfolio under the Fairmont Hotels & Resorts banner in 2001. Shortly after the hotel division was renamed, Canadian Pacific Limited was split into several smaller companies in a starburst move, with Fairmont becoming a separately-traded company.

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